News Releases

PHILADELPHIA--(BUSINESS WIRE)--July 20, 2005--ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced that Steven J. Reiss has been named Senior Vice President and Regional Executive, Mid-Atlantic Region. Based in Philadelphia, Mr. Reiss will be responsible for setting and driving the overall strategic direction for ACE USA's Mid-Atlantic Region, which comprises Pennsylvania, southern New Jersey, Delaware, Maryland, Virginia, West Virginia, Ohio and the District of Columbia. He will oversee the regional production plan, distribution, product sales and marketing, producer management, staff management and general operations.

Mr. Reiss joins ACE USA after a 15-year tenure at Marsh USA, Inc. Most recently, he was Managing Director and Client Executive Team Leader at Marsh's Morristown, N.J. office. Mr. Reiss also spent 13 years in Marsh's Japan Client Services practice in various management roles including Managing Director-Business Development and Client Executive Practice Leader. An expert in designing and implementing risk management solutions, Mr. Reiss' experience includes the production, placement and servicing of property and casualty insurance programs for clients in a variety of industries. He began his career as a casualty underwriter.

Mr. Reiss graduated from Fordham University with a bachelor of arts degree in political science/economics.

ACE USA is the U.S.-based retail operating division of The ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A (Excellent) by A.M. Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.